Smoke Shop
For Sale
Contact for pricing
7231 49th Street North, Pinellas Park, FL 33781
The 2020-built property offers convenient access to Park Boulevard, US-19, and I-275.
Property Size780 SF
Price / SF$190.38
Days on Market24
Property Features for 7231 49th Street North
General Information
Standard status
Active
Size
780 SF
Property subtype
Retail
Lease Type
NNN
Investment Type
Owner/User
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
2020
Units
1
Tenancy
Single
Listing Agency:
Dennis Realty & Investment Corporation
Listed By:
Carl Stratton · License #FL 657962
Source:
Crexi
Added: Aug 11
Changed: Sep 3
Last Checked: Sep 3 at 2:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Dennis Realty & Investment Corporation
Investment Insights
Based on property information with market context.
This storefront property is offered with a smoke shop business and was built in 2020. The 780-size property is located at 7231 49th Street North in Pinellas Park, Florida, providing a defined retail setting within the Tampa Bay area.
Access extends to Park Boulevard, US-19, and I-275, connecting the property with Clearwater, St. Petersburg, Indian Rocks Beach, and Indian Shores. The surrounding area includes neighborhoods, restaurants, and shopping, supporting a retail-oriented setting for the existing business.
Access extends to Park Boulevard, US-19, and I-275, connecting the property with Clearwater, St. Petersburg, Indian Rocks Beach, and Indian Shores. The surrounding area includes neighborhoods, restaurants, and shopping, supporting a retail-oriented setting for the existing business.
Key Highlights
- Smoke shop business offered with the storefront property
- Built in 2020
- Located at 7231 49th Street North, Pinellas Park, FL 33781
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$7,658
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.16%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,160
$153.2K
Cap Rate 7%
$109,400
$109.4K
Cap Rate 9%
$85,089
$85.1K
Market Conditions
NOI Build-Up for 780 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$11.7K $15.00/SF
− Vacancy
−$761 −$0.98/SF
EGI
$10.9K $14.03/SF
− OpEx
−$3.3K −$4.21/SF
NOI
$7.7K $9.82/SF
Area
Pinellas County, FL
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$153,160
Cap Rate 7%
$109,400
Cap Rate 9%
$85,089
Alternative Uses
Best Use
Retail
$109.4K
$95.7K – $127.6K
NOI $7,658 @ 7.0% cap · market cap 5.16%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$202.9K
$177.5K – $236.7K
NOI $14,202 @ 7.0% cap · market cap 9.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,564
Businesses Nearby
304k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 45%
Shops & Services 34%
Groceries 18%
Home Improvements & Furnishings 3%
Publix
Groceries
53,886 visits/mo
0.2 miles
McDonald's
Dining
31,540 visits/mo
0.2 miles
RaceTrac
Shops & Services
30,013 visits/mo
0.2 miles
Culver's
Dining
15,110 visits/mo
0.1 miles
Taco Bell
Dining
15,038 visits/mo
0.3 miles
Demographics for 33781, FL
27,349
Population
12,370
Households
2.2
Avg Household Size
42
Median Age
22%
College-Educated
82%
High-School Grad
6.6 sq mi
ZIP Area
4,144
Density / Sq Mi
$55,378
Median Household Income
$37,039
Median Earnings
$1,197
Median Rent
$251,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The 2020-built property offers convenient access to Park Boulevard, US-19, and I-275.
Where is this storefront property located?
The property is located at 7231 49th Street North Pinellas Park, FL.
What is the asking price?
The asking price for this property is $148,500.
What are key features of this property?
This property features: Smoke shop business offered with the storefront property; Built in 2020; Located at 7231 49th Street North, Pinellas Park, FL 33781
